Quest Partners LLC Invests $772,000 in Centerspace (NYSE:CSR)

Quest Partners LLC bought a new stake in Centerspace (NYSE:CSR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,959 shares of the company's stock, valued at approximately $772,000. Quest Partners LLC owned 0.07% of Centerspace as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Centerspace by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 579 shares of the company's stock worth $41,000 after buying an additional 150 shares during the period. Rothschild Investment LLC bought a new position in shares of Centerspace in the second quarter worth about $42,000. Van ECK Associates Corp raised its stake in shares of Centerspace by 15.2% in the third quarter. Van ECK Associates Corp now owns 2,626 shares of the company's stock worth $186,000 after buying an additional 347 shares during the period. Versor Investments LP bought a new position in shares of Centerspace in the third quarter worth about $204,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Centerspace during the second quarter worth about $209,000. Institutional investors own 79.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CSR shares. BTIG Research increased their target price on Centerspace from $69.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Royal Bank of Canada reiterated an "outperform" rating and set a $76.00 target price on shares of Centerspace in a research report on Wednesday, October 30th. Raymond James cut Centerspace from an "outperform" rating to a "market perform" rating in a research report on Monday, October 21st. Finally, Piper Sandler increased their target price on Centerspace from $64.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $76.00.

Centerspace Price Performance

NYSE CSR traded up $0.68 during trading on Friday, hitting $73.71. 56,413 shares of the stock traded hands, compared to its average volume of 104,363. The company has a market capitalization of $1.22 billion, a P/E ratio of -45.78, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The firm has a 50-day simple moving average of $71.56 and a 200-day simple moving average of $70.68. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.70. Centerspace has a 12-month low of $52.26 and a 12-month high of $76.16.

Centerspace (NYSE:CSR - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of $1.17 by ($1.57). The firm had revenue of $65.03 million for the quarter, compared to analysts' expectations of $66.35 million. Centerspace had a negative net margin of 5.57% and a negative return on equity of 1.72%. During the same quarter in the prior year, the business earned $1.20 EPS. As a group, analysts predict that Centerspace will post 4.85 EPS for the current year.

Centerspace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Monday, September 30th. Centerspace's dividend payout ratio (DPR) is -186.33%.

Centerspace Company Profile

Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of September 30, 2023, Centerspace owned interests in 71 apartment communities consisting of 12,785 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota.